4-bed · 6,100 sqftLe Reve Tower, Dubai Marina · 19th floor · completed 2006

1902, Le Reve Tower

Sold prices and rental history: sold once, by the developer in April 2008, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1902 · DLD and Ejari recordsUpdated 26 October 2021
Last soldAED 7.34M7 April 2008
Current rentAED 650K /yr26 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1902, Le Reve Tower

What is 1902 worth today?

Last sold for AED 7,340,000 in 2008

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26 Oct 2021RentedNew contract
AED 650,000/yr36 months · AED 103 per sqft
15 Oct 2020RentedRenewal
AED 550,000/yr12 months · AED 87 per sqft
15 Oct 2018RentedNew contract
AED 550,000/yr12 months · AED 87 per sqft
1 Jan 2017RentedRenewal
AED 850,000/yr24 months · AED 135 per sqft
1 Jan 2016RentedRenewal
AED 700,000/yr12 months · AED 111 per sqft
1 Jan 2014RentedNew contract
AED 350,000/yr24 months · AED 56 per sqft
1 Jul 2011RentedNew contract
AED 600,000/yr24 months · AED 95 per sqft
7 Apr 2008Sold by developerReady
AED 7,340,000AED 1,203 per sqft

Source: Dubai Land Department. Updated 26 October 2021.

Key facts

Type
4-bed apartment
Size
6,100 sqft
Floor
19th of 49
Parking
P1/ 37&38
Developer
Xtreme Vision
Completed
2006
Service charge
AED 120,500 /yr
Last sold
AED 7.34M · April 2008

About 1902, Le Reve Tower

1902 is a four-bedroom apartment of 6,100 sqft on the 19th floor of Le Reve Tower, a 49-storey tower in Dubai Marina completed in 2006 by Xtreme Vision. The developer sold it on 7 April 2008 for AED 7,340,000, or AED 1,203 per sqft, 14% below the AED 1,407 four-beds in the building were fetching at the time.

It has been rented continuously since 2011 on 7 Ejari contracts. The current contract, signed on 26 October 2021, is AED 650,000 a year: a gross yield of 8.9% on the 2008 price, before the service charge of about AED 120,500 a year.

Sales and rents for 1902 over time

Sales
Unit 1902, each saleTypical four-bed in Le Reve Tower
10M20M2008201320182023Typical sale price by year: 2008 AED 8,725,632; 2009 AED 8,649,904; 2011 AED 13,300,000; 2012 AED 15,250,000; 2013 AED 20,000,000; 2015 AED 19,000,000; 2017 AED 12,200,000; 2020 AED 6,825,649; 2023 AED 13,000,000; 2024 AED 15,350,000Sold by developer, April 2008: AED 7,340,000 (AED 1,203 per sqft)

1902 has sold once; the dashed line is the four-bed median of each year in the building.

Rents
Unit 1902, each contractTypical four-bed in Le Reve Tower
500K2011201520192023Typical rent by year: 2013 AED 760,000; 2014 AED 562,018; 2015 AED 500,000; 2016 AED 775,000; 2017 AED 175,000; 2018 AED 662,500; 2020 AED 395,000; 2021 AED 500,000; 2022 AED 560,000; 2023 AED 700,000; 2024 AED 850,000; 2025 AED 850,000New contract, July 2011: AED 600,000 a yearNew contract, January 2014: AED 350,000 a yearRenewal, January 2016: AED 700,000 a yearRenewal, January 2017: AED 850,000 a yearNew contract, October 2018: AED 550,000 a yearRenewal, October 2020: AED 550,000 a yearNew contract, October 2021: AED 650,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Le Reve Tower, and where 1902 sits

All 65 4-beds →

1902 last sold in April 2008 at AED 1,203 per sqft, 14% below what four-beds in Le Reve Tower were fetching at the time (AED 1,407). Over the last 12 months four-beds sold for AED 18,000,000, around AED 2,853 per sqft, and rent for AED 900,000 to 900,000 a year.

Recent 4-bed salesUnit no.Price (AED)Summary
29 Dec 202518,000,000
24 Jul 202515,000,000
20 Aug 202415,350,000
12 Jun 202415,350,000
1 4-bed sale in the last 12 months

Le Reve Tower

Building

81 apartments, 2-bed to 8-bed over 49 floors in Dubai Marina, completed in 2006 by Xtreme Vision. 1 sold in the last 12 months.

Typical price per sqft
AED 2,853
Typical sale
AED 18M
Typical rent
AED 550K /yr
Typical yield
3.8%
Le Reve Tower, Dubai Marina: prices, sales and rents →

Other units on the 19th floor

All 81 units in Le Reve Tower
Value
19014-bedAED 12.5M · Aug 2023

1902, Le Reve Tower in numbers

  • Sold once: by Xtreme Vision on 7 April 2008 for AED 7,340,000, or AED 1,203 per sqft.
  • Rented since July 2011 on 7 Ejari contracts. The rent fell from AED 600,000 to AED 350,000 in 2014 and recovered to AED 650,000 by October 2021.
  • At AED 650,000 a year the gross yield on the 2008 price is 8.9%, before a service charge of about AED 120,500 a year (AED 19.75 per sqft).
  • Four-beds in Le Reve Tower sold for AED 18,000,000–18,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,853 per sqft.

Source: Dubai Land Department. Updated 26 October 2021.

Questions about 1902, Le Reve Tower

What did unit 1902 last sell for?

AED 7,340,000 on 7 April 2008, sold by the developer: AED 1,203 per sqft for 6,100 sqft. It is the only registered sale of the unit.

What is the rent for unit 1902?

AED 650,000 a year on the contract signed on 26 October 2021. The previous contract, from October 2020, was AED 550,000; the unit has been rented since July 2011.

How big is unit 1902?

6,100 sqft (566.7 sqm): a four-bedroom apartment on the 19th floor of a 49-storey tower completed in 2006.

What is unit 1902 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Le Reve Tower sold for AED 18,000,000 to 18,000,000 in the last 12 months, around AED 2,853 per sqft.

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Mortgage on 1902, Le Reve Tower

Starts from the last sale price (AED 7.34M, 7 April 2008). Switch to today's estimate once you have unlocked it.
Price
AED 7,340,000
Deposit, UAE resident (20%)
AED 1,468,000
Deposit, non-resident (40%)
AED 2,936,000
Monthly over 25 years at 3.7%
AED 30,030

Plus AED 313,290 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →